ALAMO GROUP INC
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
ALG$139.73-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| Year Ended December 31, | |||
|---|---|---|---|
| (in thousands, except per share amounts) | 2024 | 2023 | 2022 |
| Net sales: | |||
| Vegetation Management | $785,199 | $979,040 | $937,065 |
| Industrial Equipment | 843,314 | 710,611 | 576,551 |
| Total net sales | 1,628,513 | 1,689,651 | 1,513,616 |
| Cost of sales | 1,216,025 | 1,236,007 | 1,137,098 |
| Gross profit | 412,488 | 453,644 | 376,518 |
| Selling, general and administrative expenses | 231,453 | 240,158 | 212,649 |
| Amortization expense | 16,227 | 15,519 | 15,277 |
| Income from operations | 164,808 | 197,967 | 148,592 |
| Interest expense | (20,548) | (26,093) | (14,361) |
| Interest income | 2,637 | 1,485 | 752 |
| Other income (expense) | 2,731 | 1,761 | (673) |
| Income before income taxes | 149,628 | 175,120 | 134,310 |
| Provision for income taxes | 33,698 | 38,959 | 32,382 |
| Net income | $115,930 | $136,161 | $101,928 |
| Net income per common share: | |||
| Basic | $9.69 | $11.42 | $8.58 |
| Diluted | $9.63 | $11.36 | $8.54 |
| Average common shares: | |||
| Basic | 11,968 | 11,920 | 11,877 |
| Diluted | 12,037 | 11,987 | 11,934 |
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